NEW YORK, N.Y. – Stocks inched up to another record on Wednesday after spending much of the day flitting between gains and losses. Phone companies and utilities rose more than the rest of the market. Energy companies fell sharply along with the price of oil.
The Dow Jones industrial average rose 24.45 points, or 0.1 per cent, to 18,372.12.
The Standard & Poor’s 500 index edged up 0.29 points, or less than 0.1 per cent, to 2,152.43.
The Nasdaq composite lost 17.09 points, or 0.3 per cent, at 5,005.73.
For the week:
The Dow is up 225.38 points, or 1.2 per cent.
The S&P 500 is up 22.53 points, or 1.1 per cent.
The Nasdaq is up 48.97 points, or 1 per cent.
For the year:
The Dow is up 947.09 points, or 5.4 per cent.
The S&P 500 is up 108.49 points, or 5.3 per cent.
The Nasdaq is down 1.68 points, or less than 0.1 per cent.